Pending developments in government policy around access to virtual care and reimbursement for services delivered are opening doors for telehealth viability.
Telemedicine is becoming increasingly popular as the financial benefits for providers who offer it come to light. And new policy changes in Washington and around the country are poised to rattle the reimbursement landscape and open big opportunities for hospitals and health systems to drive more revenue from virtual care.
“The U.S. has seen a perfect storm,” said Tyto Care CEO Dedi Gilad, whose company offers telemedicine tools. “With alignment of employers pushing for telehealth, you can see telehealth companies provide more and more services, and bringing more availability of services. It’s grown very fast and the major area of growth is primary care.”
That growth is expected to continue as employers, hospitals and payers realize both cost-savings and new revenue streams for telehealth services. A September study from Nemours Children's Health System examined the use of telemedicine to treat sports injuries, for instance, and found that each visit saves health systems an average of $24 per patient.
That’s just one example. And a lot has happened since then to start paving the way for telehealth expansion.
Three significant policy developments happened in November alone and, although they are not finalized, they point toward a future that providers should understand because it’s coming:
Jay & Julia Taylor own and operate Caney Creek Studio. Caney Creek Studio is a video production, digital marketing, and social media management agency.